U.S. spot Bitcoin ETFs lost a net $85 million on Wednesday, ending a three-day inflow period that had brought in about $509 million, according to SoSoValue data. Ether ETFs raked in around $70 million on the same day, marking a fifth consecutive session of inflows.
The release of Bitcoin has been broad. BlackRock’s IBIT lost about $59 million, Grayscale’s GBTC lost almost $64 million, and Fidelity’s FBTC gave up about $15 million.
Grayscale’s mini BTC fund was the only one in the green with almost $53 million. Total Bitcoin ETF assets have fallen to around $75 billion.
The ether flows came from a narrower base but continued to point in the same direction. Fidelity’s FETH leads with around $69 million, with VanEck’s ETHV adding just over $1 million and all other funds are flat. The assets of the Ether ETF are approximately $9 billion.
The distribution corresponds to the price band. Bitcoin traded near $62,300 and Ether near $1,740, both down about 3% on the day, although Ether outperformed over the past two weeks as the Lean Ethereum roadmap and return of ETF demand gave it a story that Bitcoin lacked.
